Saturday, November 13, 2010

Is Profit-Maximizing Capital a Social Good Fraud?

If you are comfortably on the social responsibility side of teeter-totter of double- or triple bottom line possibilities, you can pretty well be assured that what is said here is real and getting worse:

But with this wave of capital has come concern about the social impact actually being achieved with profit-maximizing capital in terms of how clients are selected (seen by some as skimming off the least poor clients) and the interest rates at which loans are made (seen by some as predatory lending).

This conclusion comes from the MonitorInstitute.org report on What's Next For Philanthropy, whose heart is in a great place for making sure the caring sector at least sometimes gets its feet down on the ground. But still, I can't help be wonder if this is just a polite way of saying that all hope is lost for Change We Can Count On when it comes to different models of functioning.

You can always comment privately to ProgressDeceptors@gmail.com.

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